empty
 
 

19.12.202502:48:58UTC+00Korean Stocks Rebound on Wall Street Gains

On Friday, the KOSPI index advanced by 0.54% to approximately 4,015, making a modest recovery after its earlier session's declines. This rebound was influenced by the overnight rally on Wall Street, where US stocks surged following lower-than-anticipated inflation data that heightened expectations of more interest rate cuts from the Federal Reserve. The strength of US technology stocks positively impacted South Korean tech companies, leading to notable gains for SK Hynix, HD Hyundai Heavy Industries, Hanwha Aerospace, Doosan Enerbility, and Hanwha Ocean, which rose by 1.63%, 2.38%, 3.06%, 0.54%, and 5.12% respectively. However, the index faced downward pressure from declines in Samsung Electronics, LG Energy Solutions, Kia Corporation, and Samsung Biologics, which fell by 0.93%, 2.64%, 1.33%, and 1.61%, respectively.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback